WAEC Commerce 2017 Objective — Question 16
Question 16 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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16. Which of the following is a source of short-term capital?
- A. A. trade creditCorrect
- B. B. Leasing
- C. C. shares
- D. D. debentures
Explanation
Short term loan/capital is advances that are collectible within a year. Trade credit are paid within the year; thus, it is short term.
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